VGGL Trade on May 11, 2015 09:33 from jmos_BOWS: Tradervue User Stock Trades.

Play: ORB

Stock had earnings, gapped up, opened with strength but ran into a brick wall at 3.2 so was short bias for the fade as this company is still a turd overall. I waited for a lower high off LOD but it held and started going with big volume. So I went countered to my bias bc of the chart and went long for the rip and squeeze but it wasn't breaking out cleanly. Had a hard time breaking out 3.25/.27 on the tape so i took the scalp as it seemed to be stuffing everyone in that break out. I wanted to be neutral if it were to fail hard for a failed break out. However, it just would pb 10cents, run 12cents, without any convincing break outs until it was too late on the 5mns and it was a chase. Very annoyed and was hoping for a pb at the 3.5 level as this was resistance on the daily. Would have been a hot trade but it kept going and going. Unless you were willing to chase or had full conviction it was going to run, it was hard to enter the trade.
It then became difficult as it had a hard time lifting 4 even on heavy volume and I did not want to get caught in a stuff but it wasn't showing any real signs of weakness either.

Reasons to sell: trouble to break out with volume in the morning which is suppose to be quick and powerful due to the imbalance, wasn't there so took the scalp